Beware Dollar Strength 'Exhaustion'

By

Erin McCarthy

March 7, 2013 1:37 p.m. ET

Although the U.S. growth outlook stands out compared to the euro zone, Japan and the U.K., don't place your bets on an extended dollar rally, says Jonathon Griggs, currency chief investment officer for the global fixed income, currency and commodities group at J.P. Morgan Asset Management, which has about $1.4 trillion under management.

One reason: with more optimism for the U.S. economy, traders may have jumped onto the dollar...